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$ 3,900,000
Est. payment | /mo
3.73 Acres Lot
$ 3,900,000
Est. payment | /mo
3.73 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Beach Tract(730)
MLS Listing ID SC23145620
HOA Y/N No
Lot Size 3.730 Acres
Property Description
Here's a rare opportunity to buy prime ocean front land zoned for commercial visitor use. This unique offering includes 3.73 acres fronting Morro Bay's famous sand dunes, 3-mile beach strand, and historic Morro Rock. Morro Bay is a vacation destination beach town known for its fishing village atmosphere, outstanding restaurants, sailing and boating, and fresh clean air. Morro Bay is an easy drive to Cayucos, and Cambria to Hearst Castle, then over the hills to Paso Robles and then down to San Luis Obispo to get an overall county tour of our beautiful wineries and to savor the taste of premium wines. Stop by Cal Poly, and our world famous Spanish mission of San Luis Obispo de Tolosa founded in 1772. The subject is located at the epicenter of our county activities. Possible uses are a major brand hotel complex with accessory shops & restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park & storage. The owner had an extensive 82-page biological and wetland assessment report prepared in 2001. The report and a visual inspection indicates the lots have extensive coverage of scrub willow trees and ice plants, which should not be an issue to develop. The heirs to this estate will make it available for disclosures purposes only with an accepted offer. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. Whatever your intended use, the City and Coastal Commission are mandated to give commercial visitor serving use a priority.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning CVS
Interior
Fireplace No
Exterior
Community Features Biking, Golf, Park
Waterfront Description Beach Front
View Y/N Yes
View Bay, Back Bay, Ocean, Rocks
Present Use Unimproved
Building
Lot Description 36-40 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 065182009,
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Jack Franklin • Franklin Real Estate & Rentals • 805-459-3055
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "